The Value of Multiculturalism and Diversity in Business Essay

The Value of Diversity and Multiculturalism in Business Diversity and Multiculturalism are two topics that, themselves, are not new. To start off with a uniform basic understanding, what are diversity and multiculturalism? According to Merrium-Webster, Diversity is ‘the condition of having or being composed of differing elements, especially the inclusion of different types of people (as people of different races or cultures) in a group or organization’. Whereas, Merrium-Webster defined multiculturalism as ‘relating to, reflecting, or adapted to diverse cultures’. Simply put, Diversity is the differences themselves, while multiculturalism is the ability to connect with and respect those differences. When it comes to business, coming†¦show more content†¦Once these differences on a fundamental level are overlooked, the openness will set in along with its benefits. According to the Center for American Progress, ‘a diverse workforce is integral to a strong economy.’ Some of the benefits listed by the Center for American Progress are that ‘A diverse workforce drives economic growth†¦can capture a greater share of the consumer market†¦[creates] a more qualified workforce†¦[and] fosters a more creative and innovative workforce†¦Ã¢â‚¬â„¢ (Kerby and Burns, Jul 2012). However, found in the study by the Journal of Business Communication, the lack of acceptance and therefore lack of diversity in the workforce will halt all of these benefits (Fine, Oct 1996, pg487). Essentially, the business that are moving forward and taking over the market are the ones with diverse workforces. They can draw from various backgrounds as well as come together to aim their product or service at a wider field of consumers. These businesses embrace differences and therefore are able to reach out and break through to these newly found markets. Multiculturalism Each culture holds its own strengths and weaknesses. When these cultures come together, a massive range of talents can be brought together. ‘Multicultural discourses that incorporate the diverse voices of all workers will not only transform our public and private economic organizations, they will also reinvigorate our public discourses and political institutions, strengthening ourShow MoreRelatedMichelle Julia Anderson- 250848884. 2230E- Erin Orr. Tuesday,1329 Words   |  6 PagesOrr Tuesday, February 7th, 2017 Multiculturalism has played a significant role in Canada, since its establishment 40 years ago. Much of Canadian society is reflective of different cultures from around the world making multiculturalism a very relevant topic to Canadians. While it can be argued that the majority of Canadians are in favor of multiculturalism, there are some who hold a different opinion. 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